ETH/USD 4H Chart: Pressure By 50-Hour SMA
The Ethereum cryptocurrency has been trading between the upper and lower boundaries of a horizontal channel for the past week. The 50-hour simple moving average was providing resistance for the pair at 110.3 during the previous trading sessions. Everything being...
WTI Oil Outlook: Oil Price Remains Pressured But Key Supports Still Hold
WTI oil ticked lower on Friday but holds above Thursday’s low at $51.78, posted after nearly 2.5% daily fall. Oil remains at the back foot following double-failure at pivotal $55.55 Fibo barrier (38.2% retracement of $76.88/$42.36 descend), with negative sentiment...
EURUSD Under Bearish Attack
The euro has fallen to a fresh monthly trading low against the US dollar during the European trading session, as German bond yields come under pressure. If sellers can break the 1.1300 level, the 1.1280 level is the next major...
USDJPY Bulls Still In Charge
The US dollar is trading in a narrow range against the Japanese yen currency on Friday, although the overall bullish bias in the USDJPY pair remains intact as price still trades comfortably above the 109.60 level. The bullish inverted head...
EUR/USD Watch 1.1300
Pivot (invalidation): 1.1360 Our preference Short positions below 1.1360 with targets at 1.1320 & 1.1300 in extension. Alternative scenario Above 1.1360 look for further upside with 1.1380 & 1.1400 as targets. – advertisement –
Comment As Long as 1.1360...
Market Morning Briefing: Aussie Is Headed Towards 0.70
STOCKS Renewed concerns on the US-China trade war has taken some profits off the table from the US equities. A downward revision in growth from the Bank of England and the European Union have triggered a sharp fall in the...
GBPCAD Stops Below 40-SMA; Stands in Ascending Channel
GBPCAD is holding below the 20- and 40-simple moving averages (SMAs) in the daily timeframe, following the bounce off the resistance level of 1.7530 – a seven-month high reached on January 25. The pair has been trading within an ascending...
GBPUSD Remains Vulnerable To The Downside On Bear Pressure
GBPUSD remains vulnerable to the downside as more weakness is expected in the days ahead.Support is seen at 1.2900 level. Further down, support comes in at the 1.2850 level where a break will turn focus to the 1.2800 level. Further...
GBP/JPY 4H Chart: Sets For Breakout
The British Pound has depreciated about 1.99% in values against the Japanese Yen since January 25. The exchange rate is currently trading near the lower boundary of a junior ascending channel pattern at 142.01. If the currency pair passes the...
Gold Trading Near Critical Level
Gold bulls have lost their momentum and the price is threatening the psychological level of $1,300. The bulls must defend this level, otherwise, it is highly that the bears will drive the price all the way to $1,270 mark. The...
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